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Condensed Consolidated Statements of Cash Flows - USD ($)
$ in Millions
3 Months Ended
Mar. 31, 2019
Mar. 31, 2018
Operating activities    
Net income $ 52 $ 79
Adjustments to reconcile net income to net cash from operating activities    
Depreciation and amortization 180 171
Stock compensation expense 13 22
Accretion of debt 5 4
Deferred tax (benefit) expense (5) 7
Debt extinguishment loss 5 10
Unrealized loss on foreign currency option and forward contracts 2 4
Gains on sale of property and equipment (21) 0
Other 13 (28)
Changes in assets and liabilities:    
Accounts receivable (246) (100)
Other assets (30) (90)
Accounts payable (57) (55)
Accrued expenses and other liabilities (7) (43)
Net cash used in operating activities (96) (19)
Investing activities    
Payment for purchases of property and equipment (118) (142)
Proceeds from sale of property and equipment 47 10
Cash collected on deferred purchase price receivable 71 0
Net cash used in investing activities 0 (132)
Financing activities    
Proceeds from issuance of debt 1,751 905
Repurchase of debt 0 (812)
Proceeds from borrowings on ABL facility 1,075 390
Repayment of borrowings on ABL facility (1,075) (330)
Repayment of long-term debt and capital leases (534) (37)
Payment for debt issuance costs (24) (6)
Repurchase of common stock (1,227) 0
Change in bank overdrafts 6 56
Payment for tax withholdings for restricted shares (2) (40)
Dividends paid (1) (1)
Other 2 1
Net cash (used in) provided by financing activities (29) 126
Effect of exchange rates on cash, cash equivalents and restricted cash 0 8
Net decrease in cash, cash equivalents and restricted cash (125) (17)
Cash, cash equivalents and restricted cash, beginning of period 514 449
Cash, cash equivalents and restricted cash, end of period 389 432
Supplemental disclosure of cash flow information:    
Cash paid for interest 49 43
Cash paid for income taxes $ 8 $ 3